Oil, Gas & Mining
Syria and Iran are discussing the establishment of an Iranian strategic oil pipeline which will cross Iraq and Syria to the Mediterranean, the official Syrian daily al-Thawra reported on March 7.
The demand for diesel oil is expected to reach 8.58 million tons in 2006, according to Abdallah Khatab, director-general of Mahrukat, the state-owned company in charge of the distribution of oil products.
Egypt and Turkey have signed a memorandum of understanding on the marketing of the Egyptian gas that will be supplied to Turkey after the Arab regional gas pipeline is completed.
The Ministry of Oil and Mineral Resources has received 23 bids from thirteen different companies for exploration works on the nine blocks offered for tender in the round held last December in Damascus.
Syria is planning to double its oil refining capacity in the coming five years and switch its exports towards refined products, according to Ibrahim Haddad, Minister of Oil and Mineral Resources.
The leading oil companies of China and India have finally agreed to jointly acquire a Canadian firm's petroleum interests in Syria in their first collaborative venture.
Syria has signed a memorandum of understanding with a Russian company for the construction of a USD 2.7 billion refinery and petrochemical plant in Deir-ez-Zor.
Stratic Energy Corporation has announced that it was selling a 31.67% participating interest in the Production Sharing Contract ("PSC") the company had signed with the Syrian Government and the Kuwait Foreign Petroleum Exploration Company (&a...
Syria awarded Russia's Stroytransgaz company two natural gas contracts worth a combined USD 370 million that are expected to be implemented in about two years.
France’s Total has denied that it was currently holding discussions with the Syrian Government for the building of a new refinery.
The decrease in oil production levels is prompting the Syrian government to open new blocks for drilling to Arab and other foreign companies.
Syria is engaged in negotiations with French, Chinese and Russian firms for oil projects worth USD 4.4 billion, Abdallah Dardari, Syria’s deputy PM for economic affairs, said during a conference in Manama.
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